If Park Bank is liable for not spotting Sujata "Sue" Sachdeva's $34 million embezzlement from Koss Corp. and has to reimburse the company, Koss Chief Executive Michael Koss should also be ordered to pull out his personal checkbook and pay the public company he runs, the bank argues in a new lawsuit.

Grant Thornton, Koss Corp.'s former auditor, should also have to pay a portion of any court award that may be ordered, Park Bank argued in the latest twist in a long-running court fight stemming from Sachdeva's massive embezzlement.

"Park Bank denies any and all liability to Koss in this case," Park Bank wrote in its action. "Nevertheless, should Park Bank be found liable to Koss (Corp.) and required to pay damages to Koss, in this case, those damages will have been the result of a common liability of Park Bank, Michael Koss and Grant Thornton, thereby entitling Park Bank to (a) contribution from Michael Koss and Grant Thornton."(3)

Indy champion Franchitti retires from driving

Three-time Indianapolis 500 winner Dario Franchitti has been forced to retire because of injuries, his team announced.

“Racing has been my life for over 30 years, and it’s really tough to think that the driving side is now over,” Franchitti said in a statement issued by Chip Ganassi Racing.

The 40-year-old Scotsman has won four IndyCar Series titles and 31 races combined in IndyCar and CART racing. Included in those were two at the Milwaukee Mile (2004, 2011).

Franchitti suffered fractures to his spine and right ankle as well as a concussion on the last lap of the second half of the Houston doubleheader, ending his season. He also had broken his back in a motorcycle accident in 2003.

“One month removed from the crash and based upon the expert advice of the doctors who have treated and assessed my head and spinal injuries post accident, it is their best medical opinion that I must stop racing,” Franchitti said in the statement.

“They have made it very clear that the risks involved in further racing are too great and could be detrimental to my long term well-being. Based on this medical advice, I have no choice but to stop."

Franchitti, who was involved in two scary flips in 2007, gave NASCAR a one-year try with Ganassi, but the attempt was short-circuited by a lack of funding.

"I'll forever look back on my time racing in CART and the IndyCar Series with fond memories and the relationships I've forged in the sport will last a lifetime," Franchitti said.

"Hopefully in time, I'll be able to continue in some off-track capacity with the IndyCar Series. I love open-wheel racing and I want to see it succeed. I'll be working with Chip to see how I can stay involved with the team, and with all the amazing friends I've made over the years at Target.

"As my buddy Greg Moore would say, ‘See you up front’ ”

Franchitti, who lost a tie-breaker for the CART title in the race in which Moore died, has been a tireless advocate for safety in the sport. He also has a deep appreciation of the history of the sport, and considers countrymen Jim Clark and Jackie Stewart among his heroes.

"Simply put, Dario is a motorsports legend and will be sorely missed on the race track by everyone in the paddock and in the stands," Ganassi said in the statement. "His contributions to the sport of motor racing are too many to list but I can tell you that they go way beyond what he has done on the track. What’s both impressive and unique about Dario is that he has always been a student of racing, someone who not only appreciates the actual science of the sport but also the rich heritage of those racers that have gone before him. This news only serves as the start of next chapter in Dario Franchitti’s racing career – which I expect will be here with Target Chip Ganassi Racing.”